India: SEBI issues order against individual and company
Posted by nileshkokane on 8 February, 2012
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This item was filled under [ Asia, Financial Regulators ]
On January 25, 2012 Securities and Exchange Board of India (SEBI) published that the Board had conducted an investigation into the buying, selling and dealing in the shares of M/s Cyberspace Ltd. on observing unusual movement in the price and volume of the scrip of Cyberspace in the period October 1999 to March 2001. Investigations revealed that the price of the Cyberspace scrip had gone up substantially in the period from October, 1999 to March, 2001, and thereafter started attracting large volumes from September 2000/October 2000 till March 2001.
The original article can be found at Securities and Exchange Board of India.
